2022-23 Initial Disbursement Dates: Fall refunds begin September 12, 2022 Spring refunds begin February 6, 2023 Summer refunds begin June 12, 2023
How can an AIU financial aid advisor help you?
If at any point in the financial aid process you have questions or need more information, an AIU Financial Aid Advisor will be happy to provide assistance. *University grants or scholarships are based on established criteria as published in the University Catalog and are awarded after verification that the conditions of eligibility have been met.
Why do I have multiple disbursement&refund dates?
You could have multiple disbursement & refund dates depending on when your classes begin, the type of financial aid you are receiving, your enrollment status, and when you are awarded. Award Notification emails will be sent to you once awards have been posted to Apache Access.
What are the disbursement requirements for the FAFSA?
Students must meet disbursement eligibility requirements . *CUTOFF DATE: The disbursement cutoff date means that a FAFSA must be received by VVC, requested documentation must be submitted and accepted, and an Award Offer Letter generated by the Office of Financial Aid on or before the cutoff date to make that disbursement run.
What is the difference between major and supplemental disbursement?
Major Grant Disbursement: First 1/3 of Pell and all SEOG, if eligible to receive Sept. 21 Major Grant Disbursement: Second 1/3 of Pell, 100% Cal Grant, and 100% SEOG, if eligible to receive Oct. 19 Supplemental Disbursement: 2/3 of Pell, 100% SEOG and Cal Grant, if eligible to receive Nov. 2
Why do I have to provide parent information on my FAFSA?
How often do I have to reapply for aid?
Why should a parent borrow from a Federal PLUS loan instead of a co-signing on a private loan in the student’s name?
What do I need to apply for financial aid?
What is a FSA ID?
How is it determined which forms of financial aid I qualify for?
What does dependent vs. independent mean?
See 4 more
About this website
Does AIU give refund checks?
Receive a paper check in the mail from BankMobile (refunds are available 5-7 business days after the funds are released to BankMobile)
How long after financial aid disbursement will I get my refund?
Once the financial aid office has covered your tuition and fees, it will send any leftover funds to you within 14 days. That said, every school is different, so it's worth contacting your financial aid office to learn about its specific policies.
How long does bank mobile disbursement take?
1-2 business days1) Deposit to an existing account - Money is transferred to an existing account the same business day BankMobile Disbursements receives funds from your school. Typically, it takes 1-2 business days for the receiving bank to credit the money to your account.
Why did I receive a check from BankMobile disbursement?
What is BankMobile Disbursements? Your school delivers financial aid refunds and other credit balances to students with the BankMobile Disbursements platform. Some of the reasons you might receive money include: dropping or canceling a class, or the receipt of Financial Aid or a grant.
What are disbursement dates?
Disbursement Date means the date upon which the Loan proceeds are funded by Lender into escrow in connection with the closing of the Loan.
What is disbursement time?
Disbursement Period means the period from the date of this Note to, but not including, the Amortization Commencement Date, during which the Bank may advance funds to Borrower in accordance with the terms of this Note and/or a Loan Agreement, if applicable.
How long until my loan is disbursed?
It can take anywhere from 2 – 10 weeks for you or your college to receive the funds from the date that your loan application is approved. If you're taking a school-certified loan, the funds are disbursed directly to the school you are enrolled in.
What time does Bankmobile release funds?
Typically, it takes 1 – 2 business days for the receiving bank to credit the money to your account.
How long does an electronic disbursement take?
The money is transferred within 12-24 hours.
Does disbursement mean refund?
Please note: “Disbursement” does not mean “REFUND”. “Disbursement” means the financial aid awards have been applied to your student account. “Refund” means the credit balance owed to you will be sent to BPCC's debit card company.
Does disbursed mean pay out?
Disbursement means paying out money. The term disbursement may be used to describe money paid into a business' operating budget, the delivery of a loan amount to a borrower, or the payment of a dividend to shareholders.
What is a disbursement notification?
Notification of disbursement In general, there are two types of notifications a school must provide: (1) a general notification to parent Direct PLUS borrowers and all students receiving FSA funds, and (2) a notice when FSA loan funds or TEACH Grant funds are credited to a student's account.
What does it mean when it says sent for disbursement?
Disbursement Meaning Disbursement–or payment disbursement–is the delivery of payment from a business's bank account to a third party's bank account. Disbursement refers to a range of payment types, including cash, electronic funds transfer, checks and more.
What does disbursement date mean for financial aid?
The anticipated disbursement date is the date that a school expects to disburse Direct Loan funds. The actual disbursement date is the date the funds are made available to the borrower.
Why do I have to provide parent information on my FAFSA?
Students are considered dependent or independent for financial aid purposes based on criteria established by Congress. For example, students who are under the age of 24, single, have no dependents and are not veterans are typically considered dependent for financial aid purposes.
How often do I have to reapply for aid?
Students must reapply for federal and state aid each year. Typically, students should reapply for aid as soon as possible after January 1st; however, check with your financial aid office to determine when you should reapply.
Why should a parent borrow from a Federal PLUS loan instead of a co-signing on a private loan in the student’s name?
Parents who co-sign on a private loan are just as responsible for repaying the loan (usually at higher rates) as the student if the student fails to make payments. In other words, whether one is the borrower or co-borrower, both the Federal PLUS loan and the private loan appear on a credit report and the financial responsibility is the same.
What do I need to apply for financial aid?
The FAFSA is the most important document to complete when applying for financial aid. In addition, there are a few other things that you need to have on hand before you start.
What is a FSA ID?
A Federal Student Aid (FSA) ID is a user-selected username and password that will authenticate your identity to access your federal student aid information. This login process will be used to access student and borrower-based websites, including FAFSA, NSLDS ® Student Access, StudentLoans.gov and StudentAid.gov. The FSA ID is a single sign-on process that makes applying for aid quick and easy. Remember, your FSA ID is private and should never be shared with anyone.
How is it determined which forms of financial aid I qualify for?
There is a Congressionally determined set of formulas used for assessing financial need for the Federal Student Aid programs. The process starts with the FAFSA. If you haven’t already, you’ll be hearing a lot about this important form. These formulas are used to calculate an Expected Family Contribution (EFC), which is a theoretical index of a family’s financial strength. Don’t worry; this is not the amount you are expected to contribute. The EFC is simply the result of a specific calculation. The difference between the EFC and the calculated cost of attendance (which includes the estimated average tuition, fees, books, supplies, room, board, transportation and personal expenses), will determine the amount of aid (need-based and non-need based) for which you may qualify.
What does dependent vs. independent mean?
Determining your dependency status is an important step in the financial aid application process. The definition for dependent or independent student for the purposes of federal student aid may be very different from what you might consider for yourself. It also is different from the IRS definition of dependency. This is not a status that American InterContinental University assigns to you but rather a determination made from your answers to several questions on the FAFSA form. Some of the more common criteria that lead to an independent status are:
How long does MSJC hold financial aid?
If you have been awarded a federal Pell Grant, are a new or returning student to MSJC and did not attend the previous term, the Financial Aid Office will need to place a hold on your financial aid record for 7 days while it contacts the Department of Education to verify that you have not received financial aid from another school prior to disbursing any funds.
What does offer letter mean?
Offer letters reflect the maximum amount of funds available to you and are based on full-time enrollment status. If you are enrolled less than full-time, your disbursement will be adjusted in accordance with federal regulations based on your current enrollment status. The disbursement amounts allowed are available in the table below.
When are late start classes included in the first disbursement?
A Late Start class must begin on or before the “Files Awarded by Date” for the units to be included in the first disbursement. If the class begins after the date listed, your funds are included in the second 1/3 or balance. Supplemental disbursements are provided if you have not received any funds during the major grant disbursement dates.
What is a disbursement bank mobile?
What is a disbursement? When financial aid funds liquidate or convert into a payment towards student accounts. This is not the date refunds will be available on your selected refund preference with BankMobile Disbursements.
What is a refund for financial aid?
What is a refund? After financial aid has disbursed and a student's account balance has been paid in full, if remaining funds are available, students will receive a refund. Refunds are made available on a weekly basis, but subject to change due to bank holidays, etc. Watch your Apache Access traffic lights to see when your refund will process.
How often do refunds come out for Apache Access?
Refunds are usually made available on a weekly basis, but subject to change. Watch your Apache Access refund traffic lights to monitor your refund process.
When will Apache Access refunds be available?
Refunds for Fall 2020 begin September 15, 2020 – The refunds on this date do not include scholarships or state grants. Refunds are usually made available on a weekly basis, but subject to change. Watch your Apache Access refund traffic lights to monitor your refund process.
SPRING 2022 SEMESTER
Last Day to Withdraw from AIU without Academic Record & with 100% Tuition Refund
Summer 2022 Semester
Last Day to Withdraw from AIU without Academic Record & with 100 % Tuition Refund
What is the FISU award?
FISU awards Diploma of Acknowledgment and FISU Anniversary Medal to Association of Indian Universities for its contribution to the development of the international university sports movement.
When is the first edition of Khelo India?
Organisation of 1st Edition of Khelo India AIU Games 2020 at KIIT Bhubaneshwar (Odisha) From February 22, 2020 Onwards
When will AIU be nominated for 04 representatives?
Regarding nomination of 04 representatives by AIU on the court and Council of the Indian Institute of Science, Bangalore amongst VCs/ Directors of Memnber Universities for a period of 04 years on or before August 14, 2021
When is the last day to submit a sealed quote for a laptop?
Sealed Quotations are Invited for the purchase of Branded Laptops/ Monitors/ Scanners, Last Date for Submission: 01 March, 2021
When is the last date for sealed quotations for supply of laptops, scanners and monitors?
Last Date extended for submission of sealed quotations for supply of Laptops, Scanners & Monitors till 15 Nov 2021
When was AIU renamed?
It a leacquiredgal status with its registration as a Society under the Societies Registration Act, 1860, on September 29, 1967 and was renamed as Association of Indian Universities (AIU) in 1973 . Invitation to join Interactive Session with Vaidya Rajesh Kotecha, Secretary, Ministry of AYUSH, Govt of India.
When is Anveshan 2020?
Postponement of Anveshan: National Student Research Conventions 2019-20 which was scheduled to be held during March 17-19, 2020 at Rajiv Gandhi Proudyogiki Vishwavidyalaya Bhopal, till further notice, in view of the wide spread impact of COVID-19.
Why do I have to provide parent information on my FAFSA?
Students are considered dependent or independent for financial aid purposes based on criteria established by Congress. For example, students who are under the age of 24, single, have no dependents and are not veterans are typically considered dependent for financial aid purposes.
How often do I have to reapply for aid?
Students must reapply for federal and state aid each year. Typically, students should reapply for aid as soon as possible after January 1st; however, check with your financial aid office to determine when you should reapply.
Why should a parent borrow from a Federal PLUS loan instead of a co-signing on a private loan in the student’s name?
Parents who co-sign on a private loan are just as responsible for repaying the loan (usually at higher rates) as the student if the student fails to make payments. In other words, whether one is the borrower or co-borrower, both the Federal PLUS loan and the private loan appear on a credit report and the financial responsibility is the same.
What do I need to apply for financial aid?
The FAFSA is the most important document to complete when applying for financial aid. In addition, there are a few other things that you need to have on hand before you start.
What is a FSA ID?
A Federal Student Aid (FSA) ID is a user-selected username and password that will authenticate your identity to access your federal student aid information. This login process will be used to access student and borrower-based websites, including FAFSA, NSLDS ® Student Access, StudentLoans.gov and StudentAid.gov. The FSA ID is a single sign-on process that makes applying for aid quick and easy. Remember, your FSA ID is private and should never be shared with anyone.
How is it determined which forms of financial aid I qualify for?
There is a Congressionally determined set of formulas used for assessing financial need for the Federal Student Aid programs. The process starts with the FAFSA. If you haven’t already, you’ll be hearing a lot about this important form. These formulas are used to calculate an Expected Family Contribution (EFC), which is a theoretical index of a family’s financial strength. Don’t worry; this is not the amount you are expected to contribute. The EFC is simply the result of a specific calculation. The difference between the EFC and the calculated cost of attendance (which includes the estimated average tuition, fees, books, supplies, room, board, transportation and personal expenses), will determine the amount of aid (need-based and non-need based) for which you may qualify.
What does dependent vs. independent mean?
Determining your dependency status is an important step in the financial aid application process. The definition for dependent or independent student for the purposes of federal student aid may be very different from what you might consider for yourself. It also is different from the IRS definition of dependency. This is not a status that American InterContinental University assigns to you but rather a determination made from your answers to several questions on the FAFSA form. Some of the more common criteria that lead to an independent status are:
